Buy LIC Jeevan Lakshya Plan Online

We all know that life can be unpredictable, and sometimes that means being blindsided by an unexpected event. While it’s always nice to be surprised by something pleasant, surprises that are unwelcome can leave us feeling unprepared and frazzled. That’s why it’s important to make sure you and your loved ones are financially secure, so you can rest easy knowing you’re prepared for whatever life might throw your way. The LIC Jeevan Lakshya policy is an insurance plan that provides coverage and financial support for you and your family against all risks linked to your life. Uncertainties in life can crop up at any moment, So Buy LIC Jeevan Lakshya Plan Online LIC Jeevan Lakshya Plan Online Purchase for the benefit of having an insurance policy to protect your loved ones.

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We at LIC provide complete safety and protection to your family by introducing LIC Jeevan Lakshya Plan which provides both investment cum insurance benefits. Jeevan Lakshya Policy of LIC provides for Annual Income benefit that may help to fulfil the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder.

Jeevan Lakshya Policy of LIC is a regular premium paying plan LIC Jeevan Lakshya, which is not related to any share market, it is a traditional conventional profit plan with all the benefits like Insurance cover, Accidental & Permanent disability rider, Savings, Tax-benefits under section 80C, Tax free Maturity and Death claim amount, Loan, Surrender option etc..

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  • Assured returns with LIC trust and the Government Sovereign guarantee
  • In case of unfortunate event : a) Full waiver of remaining premium b) Annual income is paid every year to family c) Lumpsum amount is paid at the end of the policy term
  • Enhanced risk cover with accident coverage
  • Returns not linked to any share market
  • Enjoy Tax benefits on Premiums paid and returns
  • Easy liquidity through loans and Surrender of policy
  • Premium holiday for last 3 years of policy term

Key Features of LIC Jeevan Lakshya Policy

  • Premiums for the policy can be paid in yearly, half-yearly, quarterly and monthly periods and an option of Electronic Clearing Service (ECS) is also available, wherein it facilitates an easier option to pay the premiums
  • Being a With-Profits Endowment Assurance plan, this policy garners profits made by the Life Insurance Corporation of India through the Simple Reversionary Bonus and Final Additional Bonus (if applicable) and these are paid out at the end of the maturity period
LIC Jeevan Lakshya plan online

LIC Jeevan Lakshya Policy Terms and Conditions

Minimum age 18 years (Completed)
Maximum age 50 years
Maximum maturity age 65 years
Policy Term 13 years to 25years
Premium paying term Policy term -3years
Minimum Sum Assured Rs.1,00,000
Maximum Sum Assured No limit
Premium payment mode Yearly / Half yearly / Quarterly / Monthly (ECS)
Loan Eligible after 2 years
Surrender Eligible after 2 years
On Death (i) Sum Assured (If chosen, Term Rider option)
(ii) 10% of Sum Assured is paid every year till maturity of the policy term
(iii) Future premiums are waived till maturity
(iv) Sum Assured + Bonus is paid on the stipulated policy term
On Maturity Sum Assured + Bonus + Final additional bonus
Income Tax Benefits (i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount/Death claim is Non-taxable u/s 10(10d)

How does Jeevan Lakshya Plan work for you

Buy LIC Jeevan Lakshya Plan Online Illustraion

LIC Jeevan Lakshya Plan Benefits

Death Benefit

When the death of the policyholder occurs before end of policy term, then the nominee will receive:

i. 10% of the Basic Sum Assured as an Annual Income Benefit from the next policy anniversary date to the policy anniversary date one year before the Maturity Date.

ii. A sum equivalent to 110% of the Sum Assured payable on maturity date.

iii. Simple Reversionary Bonus which has accumulated throughout the policy term payable on the Maturity Date

iv. Final Addition Bonus if declared by LIC payable on the Maturity Date

Maturity Benefit

As the maturity benefit of your plan, if the policy holder has paid all the premiums promptly, he/she will receive a lump sum cash value equaling the sum assured, simple reversionary benefit plus bonus upon the maturity of the policy.

Surrender Value

If the policy is surrendered after at least three years and all the premiums are paid promptly, guaranteed surrender value can be availed. Guaranteed surrender value is calculated through the total of all the premiums paid till that date.


A policyholder is eligible for a loan if 2 years the full premium amount is paid, followed by the policy acquiring a surrender value.

Profit Participation

As a policyholder the participant, you are entitled to the profits of the insurance company by way of eligible for Simple Reversionary Bonus and Final Additional Bonus as declared by LIC and will be paid at the time of Maturity of the policy or as the death benefit.

Income Tax Benefit

All premiums paid on LIC Jeevan Lakshya policies LIC Tax Saving Plans qualify for tax exemption under Sec. 80C of the Income Tax Act. Also, the maturity amount earned by a policyholder is free from tax under Sec. 10D of the Income Tax Act.

Life Cover

If the unfortunate event of a policyholder’s death occurs:

i. According to the terms & conditions of the policy, LIC will pay out 10% of basic sum assured as annual income benefit on each anniversary date.

ii. At maturity, the assured amount equivalent of 110% of basic sum assured is paid on the policy anniversary

iii. Simple Reversionary Bonuses and Final Additional bonuses are also included in the death benefit.

iv. If the policy holder avails the New Term Assurance rider by paying an additional premium; a sum equivalent of the sum assured of the term assurance rider will be paid to the beneficiary.

Additional Benefits of LIC Jeevan Lakshya Plan


i. Accidental death and disability rider benefit
With the accidental death and disability rider benefit, in case of accidental demise of the insured person, an accidental rider benefit sum assured is payable as a lump-sum amount to the beneficiary of the policy along with the death benefit under the base plan. Similarly, in the case of accidental disability, the accidental rider benefit sum assured is paid in equal monthly installments for 10 years. Furthermore, all premiums paid or future premium payments are waived off.

ii. New Term Assurance Rider
LIC New Term Assurance Rider can be availed at the inception of the policy and under this rider option, LIC will offer the beneficiary an additional term assurance sum assured amount in case of policy holder during the policy tenure. This rider option is available for a policy tenure of 35 years or until the plan anniversary when the policyholder turns 75 years of age, whichever happens first.


i. Final Addition Bonus
This is a bonus which is paid at the time of maturity or death.

ii. Simple Reversionary Bonus
If you decide to exit from the policy during the policy period by surrendering it, then a certain portion of such accrued bonus will be payable to you

Documents required for LIC policy - Online vs Offline
Buying LIC Policy Online with Buying A Policy Offline visiting LIC branch or through an agent
Address Proof Aadhar Zip File Address Proof Aadhar
ID Proof ID Proof Pan Card or Aadhar
Age Proof Age Proof Aadhar / Driving License
Income Proof IT Returns of last 2 years
Photo Passport Photo
Buying Online Policy with
Address Proof Aadhar
ID Proof
Age Proof
Buying A Policy Offline visiting LIC branch or through an agent
Address Proof Aadhar
ID Proof Pan Card or Aadhar
Age Proof Aadhar / Driving License
Income Proof IT Returns of last 2 years
Photo Passport Photo
Frequently Asked Questions

1. What is the maturity amount of LIC Jeevan Lakshya?

Maturity amount under Jeevan Lakshya LIC Jeevan Lakshya Benefits consists of Sum assured + Vested bonus + final additional bonus

2. What is the policy term in LIC Jeevan Lakshya?

Policy term available in Jeevan Lakshya is between 13 to 25 years

3. What is Term Rider in LIC Jeevan Lakshya?

Term rider Rider Benefits in Jeevan Lakshya is an additional Sum assured taken as a rider

4. Can I surrender my Jeevan Lakshya policy?

Yes, you can surrender after 2 years from the date of commencement of the policy

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LIC Policy holders enjoy sovereign guarantee by Govt. of India

LIC policyholders enjoy a sovereign guarantee on the sum assured and the bonus declared as per section 37 of LIC Act, 1956 which clearly states that "Policies to be guaranteed by Central Government - The sum assured by all policies issued by the corporation including any bonuses declared in respect thereof and, subject to the provisions contained in section 14 the amounts assured by all policies issued by any insurer the liabilities under which have vested in the corporation under this act, and all bonuses declared in respect thereof, whether before or after the appointed day, shall be guaranteed as to payment in cash by the Central Government."